Robotic Surgery Equipment Manufacturing in the US - Market Research Report (2014-2029)

Steady hand: Increased precision and improved technology should encourage more hospitals to purchase robotic surgery equipment, boosting the industry

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Since the US Food and Drug Administration (FDA) approved Intuitive Surgical's da Vinci surgical system in 2000, the Robotic Surgery Equipment Manufacturing industry has surged. Surgeons use robotic surgery equipment for complex surgical procedures that may be arduous to navigate without 3D imaging providing real-time feedback to surgeons. According to Intuitive Surgical, the industry's leading manufacturer, more than 7,544 hospitals have installed da Vinci systems by December 2022 (latest data available). Healthcare providers and patients have favored robot-assisted surgery because of quicker patient recovery times, less blood loss and less pain. Robust demand from hospitals, particularly large and smaller, critical-access hospitals, has bolstered revenue through 2023. Similarly, profit has ballooned to 24.7%.

This industry manufactures computer-controlled mechanisms that support the treatment of illness and injuries. Many manufacturers also provide installation and support services for robotics, which are included in revenue. The industry excludes patient-oriented services and teaching workshops.